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After the 3rd shipment there was 237t left at the port, yet this...

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jaybeejacks

280 Posts.

109

09/06/22

10:54

Post #: 61912617
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Originally posted by michaelhaley: ↑

As I said, the shipments are too predictable

Market loves patterns and people can buy on way up and sell before or on announcement. Easy to do with ship tracking etc.

It also didn't help that sale price was less than last shipment

Market will be watching for opex increase

Opex will increase for next shipment due to a now depleted port stock and concentrate needing to be transported up to Wyndham port fropm Savannah mine (approx 257km away)

The increase price of Nickel will cover the costs but it will reduce margins, this is where company will feel the hurt from inflation with increased opex costs for Diesel, wages etc.

Not all doom and gloom,

This is where Company gets the opportunity to prove itself that it can maintain and hopefully ramp up operations and be consistent from ground to mine to port rather than just putting concentrate on the ship from the port.

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After the 3rd shipment there was 237t left at the port, yet this shipment was 10489t - so over the month they have transported 10250t to the port. I don't see how having only 2% of the shipment already at the port makes a huge difference in opex.

PAN Price at posting: 26.3¢ Sentiment: Buy Disclosure: Held
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